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Bank Of Chōsen
The Bank of Chōsen (, ''Joseon Eunhaeng''), known from 1909 to 1911 as the Bank of Korea ( ''Kankoku Ginkō'', ''Hanguk Eunhaeng'') and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as being a commercial bank, with significant operations beyond Korea until 1945. Formed in 1909 by reorganization of the former Korean operations of Japan's Dai-Ichi Bank, it issued the Korean yen from 1910 to 1945. Its seat was initially established in Seoul (known at the time as Hanseong, then Keijō), relocated to Tokyo in May 1924, and subsequently relocated back to Keijō. It has been described as "a primary component of Japanese foreign expansionism". Following the division of Korea in 1945, the Bank of Chōsen was succeeded in North Korea by the Central Bank of the Democratic People's Republic of Korea, Central Bank of the DPRK. In South Korea, it continued its activity and issued the South Korean won (1945–19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Issue
A bank of issue, also referred to as a note-issuing bank or issuing authority, is a financial institution that issues banknotes. The short-lived Stockholms Banco (1657-1667) printed notes from 1661 onwards and is generally viewed as the first-ever bank of issue. Banks of issue are thus a more recent creation than transfer or giro banks, which create money in accounts on a ledger, the oldest recorded being the Taula de canvi de Barcelona established in 1401. In many countries and particularly during the 19th century, several banks were authorized to issue notes that had simultaneous status as legal tender. The authorization, often referred to as the issuance privilege, was generally granted by the government on a bank-specific basis and for a limited period of time. During the 20th century, the role of bank of issue has been increasingly assumed by central banks in their respective territorial jurisdictions. In the 21st century, "bank of issue" and "central bank" have become e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
